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Megalogic Technology Holdings Ltd Comments On FY 2012 Profit Guidance


Tuesday, 12 Feb 2013 09:00am EST 

Megalogic Technology Holdings Ltd announced that based on the unaudited financial statements, the Company expected to record a loss for fiscal 2012 against a profit recorded for fiscal 2011. Such estimated loss was primarily attributable to the drop in revenue and gross profit of the Company as a result of increasing competition in the IC industry as well as stagnant demand in the IC industry which is caused by the on-going debt crisis in Europe and slowing down of the PRC economy, and an increase in administrative expenses over the period under review. 

Company Quote

0.43
0.0 +0.00%
23 Oct 2014